The dollar is holding steady after the Federal Reserve released its policy statement Wednesday afternoon. The currency was little changed ahead of the conclusion of the Fed's 2-day meeting and remains so afterwards. The Federal Reserve repeated its pledge to remain "patient" on raising interest rates...
Germany's consumer confidence improved strongly to a 13-year high at the start of the year, as a collapse in energy prices boosted disposable income and raised room for more spending, survey data from the GfK showed Wednesday. The forward-looking consumer confidence index rose more-than-expected to 9.3 in February from 9.0 in January. This was the highest value since November 2001.
At an unscheduled meeting on Wednesday, Singapore's central bank unexpectedly eased its monetary policy and downgraded its inflation forecast, citing lower oil prices. The Monetary Authority of Singapore said it will continue with the policy of a modest and gradual appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band but the slope of the band will be reduced.
Consumer prices in Australia gained just 1.7 percent on year in the fourth quarter of 2014, the Australian Bureau of Statistics said on Wednesday.
That was below forecasts for 1.8 percent, and down from 2.3 percent in the third quarter.
On a quarterly basis, inflation added just 0.2 percent versus...
The dollar has extended its losses against its major European competitors on Tuesday, but has begun to stabilize after consumer confidence climbed to a 7-year high. The currency lost ground this morning, following the unexpected drop in durable goods orders.
New orders for U.S. manufactured durable...
Consumer confidence in the U.S. has seen a substantial improvement in the month of January, according to a report released by the Conference Board on Tuesday, with the consumer confidence index jumping to its highest level in over seven years.
After reporting an unexpected drop in sales of new single-family houses in the previous month, the Commerce Department released a report on Tuesday showing that U.S. new home sales rebounded by more than anticipated in the month of December.
Annual home price growth in major metropolitan areas continued to slow in the month of November, according to a report released by Standard & Poor's on Tuesday.
New orders for U.S. manufactured durable goods unexpectedly showed a substantial decrease in the month of December, according to a report released by the Commerce Department on Tuesday, with the drop partly due to a sharp decline in orders for transportation equipment.
U.K. economic growth slowed more than expected in the fourth quarter due to weakness in the production and construction sectors but the economy logged its strongest growth in seven years in 2014 as a whole, preliminary data from the Office for National Statistics showed Tuesday. Gross domestic product grew 0.5 percent sequentially, slower than the 0.7 percent expansion seen in the third quarter.
The dollar is pulling back from an 11-year high against the Euro on Monday and is also giving ground in comparison to the pound sterling. The U.S. currency has been on an impressive run against the Euro since around mid-December. The run has been fueled by economic data, as well as the recent European...
German business confidence improved for a third straight month in January to a six-month high as expectations of firms and current assessment brightened in January, results of the IfO business climate survey showed Monday. The business confidence index rose to 106.7 in January from 105.5 in December, exceeding the 106.4 reading expected by economists. It was the highest score since July 2014.
Majority of Bank of Japan's policymakers said that the drop in oil prices will affect the economy and inflation positively in the long-term, though it is expected to weigh on inflation in the short-term, the minutes of the meeting held on December 18 and 19 showed Monday. However, one member said that the primary focus should be on the underlying trend in prices when considering the future conduct of monetary policy.
The dollar is turning in a mixed performance at the end of the trading week. The U.S. currency is extending its gains against the Euro following the massive stimulus package announced by the European Central Bank yesterday. However, the buck is little changed against the pound sterling and is down against...
Reflecting positive contributions from a majority of components, the Conference Board released a report on Friday showing that its index of leading U.S. economic indicators rose by slightly more than anticipated in the month of December.